As an estate planning firm, we get questions from many clients and potential clients about where to start when thinking about beginning the estate planning process. The process can feel daunting, and more than anything, our clients want the peace of mind that their family members will be taken care of once they are gone. At McCulloch & Miller, we walk with you through every step of the estate planning process so that you can be confident that no stone will be left unturned.
The first and most overlooked part of the estate planning process is gathering the documents you already have in your possession. You might have, for example, insurance policy documents, titles and property deeds, proof of identity documents, and bank account statements that will be relevant to your estate planning needs. Some clients bring in a list of their digital logins and passwords, as well as beneficiary designations and funeral instructions. The exact number of documents will differ for everyone, but beginning the process of looking for what you already have can be incredibly helpful as you take the first step in your estate planning process.
Second, you will want to make a list of your assets so that an attorney can help you figure out where each part of your estate should go. A common misconception we see is that only the super-wealthy have to worry about dividing their assets, but this could not be further from the truth. Anyone who has property, bank accounts, a vehicle, investments, or ordinary goods will have to think about how they want those assets to be divided among the people they love.
Choosing an estate planning attorney can seem like a complicated process, but the most important thing to remember is that any attorney should be willing to be transparent about their fees upfront. At McCulloch & Miller, our estate planning process starts with free workshops and community presentations. We also offer flat fees as well as flexible payment plans for those on a fixed income.
It is also important to understand that estate planning is not just about deciding where your money and assets will go when you die, but it helps your loved ones avoid possible familial disputes after you are gone. Estate planning can also make sure you are covered if you experience changes in health or changes in your assets as you age.
Are You Looking for a High-Quality Estate Planning Firm in Houston?
At McCulloch & Miller, PLLC, we offer peace of mind for you and your family during a time when so much is beyond your control. Our expert services implement a holistic approach to estate planning and elder law for our clients, which allows us to keep all of your life’s circumstances in mind when we are working with you. For a no-obligation and confidential consultation with a member of our Houston estate planning team, give us a call today at (713) 936-9073. You can also contact us by filling out our online form.